Word: prospect
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Dates: during 1990-1999
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Eager to keep Israel on the sidelines, Washington has put intense pressure on Shamir to prevent him from launching either a pre-emptive or a retaliatory strike, holding out the prospect of increased economic and military aid as well as intelligence sharing. During a meeting with Shamir in Washington last month, President Bush pressed the point but failed to get a firm commitment. Says a senior U.S. official: "You never really know what the Israelis are going to do until they...
...reference in the legal brief was tantalizingly obscure, like a clue in a board game. Neil Bush, the government lawyers claimed, "is again engaged in a venture with an individual to whom he looks for assistance in financing his obligations . . . the prospect of recurrent problems does not seem remote...
...large extent, the hesitations of Congress echo the ambivalence of the American public. Most polls show that a majority of Americans support the U.S. goal of expelling Iraq from Kuwait. Yet the American people are divided over the prospect of rushing into war on the timetable set by the President. Many members of Congress returned to Washington last week reporting that letters from their constituents strongly favored giving sanctions more time to work and urged the lawmakers to get into...
With debate under way at last in both houses, the question becomes just what kind of action Congress should take. One unlikely prospect is that it could offer the President a blank check to pursue his current policies. To that end, the White House began preparing a draft resolution for Congress that would urge "continued action" by the President to fulfill U.N. mandates calling for Iraqi withdrawal from Kuwait...
...biggest risk is the prospect of a widespread bank collapse. The trigger could be a protracted war in the Persian Gulf, which could, in turn, deepen the recession and force debt-laden companies into massive loan defaults. Collapsing banks would aggravate the downward spiral by drying up credit and leaving taxpayers with another painful bailout bill. The disaster scenario may be plausible, but most experts doubt that bank failures will come close to the magnitude of the S&L fiasco, which will cost Americans as much as $1 trillion over the next 30 years. Despite the banking industry's problems...